Waterford IT documents reveal tax settlements to Revenue

Confidential documents from the Waterford Institute of Technology (WIT) reveal a range of serious issues faced by the educational institute, including settlements to the Irish tax authority.

22nd February, 2015

The documents, just put before the Oireachtas and dating back to the 2012 financial year, also reveal how the institute’s finances were declining, with auditors calling into question the going concern status of the institute in the near to medium term.

The accounts state that the WIT was “subjected” to a review by the Revenue Commissioners commencing in 2013 and finished in 2014 in relation to transactions during 2010.

“WIT made a voluntary disclosure amounting...

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